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Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2006

Table 10. Characteristics of Condominium Apartments Completed in the
         Last Four Quarters and of Those Reported as Sold and Remaining
         for Sale in the Fourth Quarter of 2006.

(Privately financed, nonsubsidized, unfurnished, condominium apartments
in buildings with five units or more.  Data regarding number of
bedrooms and asking price are collected at the initial interview,
i.e., 3 months following completion.  Details may not sum to totals
because of rounding.  Medians are computed using unrounded data.)

                                                  Condominiums
                                                  completed in
                       Total                      last 4
                       condominiums    90%        quarters and      90%
                       completed     C.I.(+/-)    sold prior to  C.I.(+/-)
                       in last 4    (number of    4th quarter   (number of 
                       quarters     apartments)*      2006       apartments)*
                                    


   Total                   95,400      9,240        56,400          8,280

Asking price:

Less than $150,000         11,300      2,840         6,500          1,650
$150,000 to $199,999       10,800      1,250         7,200            880
$200,000 to $249,999       11,000      1,140         7,200            890
$250,000 to $299,999       12,100      1,720         7,300            870
$300,000 to $349,999        8,400      2,560         5,500          2,430
$350,000 or more           41,800      5,370        22,700          4,460
Median asking price      $314,800    $37,720      $299,800        $41,300

  Units with:
Fewer than 2 bedrooms       17,400     3,780        11,200          3,110
2 bedrooms                  52,500     5,120        31,600          4,300
3 bedrooms or more          25,500     2,900        13,600          2,480

                                                   Condominiums
                                                   completed in
                       Condominiums                last 4
                       completed in                quarters and
                       last 4           90%        remaining         90%
                       quarters and  C.I.(+/-)     for sale at     C.I.(+/-)
                       sold in 4th   (number of    end of 4th      (number of
                       quarter 2006  apartments)*  quarter 2006    apartments)*


   Total                    21,200     2,310          17,800        2,440

  Asking price:
Less than $150,000           1,800       570           3,000        1,900
$150,000 to $199,999         2,000       280           1,600          420
$200,000 to $249,999         2,300       450           1,500          530
$250,000 to $299,999         3,000       880           1,800          760
$300,000 to $349,999         1,600       420           1,300          470
$300,000 or more            10,500     1,320           8,600          870
Median asking price       $346,600   $40,270        $336,600      $59,660

  Units with:
Fewer than 2 bedrooms        3,900       820           2,400          560
2 bedrooms                  11,100     1,300           9,800        2,040
3 bedrooms or more           6,200       810           5,600          940

 *A 90-percent confidence interval is a measure of an estimate's
  variability.  The larger the confidence interval in relation
  to the size of the estimate, the less reliable the estimate.
 Note: These data are for completions in the fourth quarters of 2005,
       and the first, second, and third quarters of 2006.


Source:  U.S. Census Bureau, Survey of Market Absorption


Go to Detailed Tables for Fourth Quarter 2006 Absorptions
Contact George Boyd at 301-763-3199 or mail to george.t.boyd@census.gov for further information on the Survey of Market Absorption of Apartments Data.

Source: U.S. Census Bureau, Social, Economic, and Housing Statistics Division